Col. Douglas Macgregor: The Restart of the Iran War, Why Oil Will Go Back Up & Gold

Palisades Gold Radio Jun 18, 2026

Summary

The guest argues Iran has won the war and any signed MOU will not hold, predicting Israel will resume offensive operations.

He forecasts oil will climb back above $100 as the Strategic Petroleum Reserve (the US emergency oil stockpile) drains by fall.

His core call: energy, metals, minerals, fertilizer, and food are the only sectors to own, while AI and similar themes are bubbles.

The guest argues gold will become the reserve currency again with no ceiling, and Bitcoin will serve as a transactional alternative.

He warns an economic tsunami is still building, with fertilizer and energy shortages yet to hit agriculture and financial markets.

Top takeaway Macgregor argues the 14-point US-Iran MOU amounts to an admission of strategic defeat: Iran has won the war, the United States has lost it, and the war is not over despite the signing.
He predicts that shortly after the MOU is signed, Israel will resume the offensive, Iran will counterattack, and President Trump will be pressured into a brief re-engagement before ultimately disengaging from the region.
He contends Iran's mastery of integrated surveillance and strike capabilities — linking space-based and terrestrial ISR to thousands of ballistic and cruise missiles and unmanned systems — makes traditional naval and air superiority ineffective, and the US lacks the ground forces to compensate.
On markets as of June 2026, he says energy, metals, minerals, fertilizer, and food are the only sectors to be in, calls AI and SpaceX bubbles, expects oil to rise back above $100 as strategic reserves are drained and the Strait of Hormuz remains at risk, and warns a broader economic 'tsunami' akin to a depression is still ahead.
On gold, he says it will hit $10,000 and become the reserve currency again, with Bitcoin serving as a transactional alternative to the dollar, and sees no ceiling for long-term gold investors.

Top takeaway As host, Stijn Schmitz frames the discussion around the leaked 14-point MOU, pressing Macgregor on whether it represents an admission of defeat and what pressure is driving Trump to sign it.
He raises the market angles throughout, noting oil being talked down to around $78 a barrel, sulphur trading at all-time highs while urea sits at pre-war levels, and asking how gold's purchasing power could develop.